Gold (XAU/USD) new ATH After Breaking Key
The 30-minute chart shows a strong upward momentum, with the price currently trading above several key support levels.
The recent breakout above $2,469.76 has paved the way for further gains, and the price is now targeting the psychological resistance level of $2,500.
If the price continues to follow the projected path, we could see a short-term retracement to retest the $2,474.51 or $2,482.67 levels, providing potential entry points for traders.
The overall trend remains bullish, and a sustained break above $2,500 could signal a continuation towards higher levels, with $2,505 and $2,510 being the next areas of interest.
Traders should monitor for potential consolidation or pullbacks near $2,485, as this could serve as a launchpad for the next leg higher.
The recent breakout above $2,469.76 has paved the way for further gains, and the price is now targeting the psychological resistance level of $2,500.
If the price continues to follow the projected path, we could see a short-term retracement to retest the $2,474.51 or $2,482.67 levels, providing potential entry points for traders.
The overall trend remains bullish, and a sustained break above $2,500 could signal a continuation towards higher levels, with $2,505 and $2,510 being the next areas of interest.
Traders should monitor for potential consolidation or pullbacks near $2,485, as this could serve as a launchpad for the next leg higher.
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